Restructured Weather Based Crop Insurance Scheme
Restructured Weather Based Crop Insurance Scheme (RWBCIS) is government scheme to mitigate the hardships of the insured farmers against the likelihood of financial loss on account of anticipated crop loss resulting from adverse weather conditions.
- Yield-based coverage
- Coverage for horticulture crops
- Coverage against weather-based perils that may cause Adverse farming conditions
Frequently Asked Questions
Restructured Weather Based Crop Insurance Scheme aims to mitigate the hardship of the insured farmers against the likelihood of financial loss on account of anticipated crop loss resulting from incidence of adverse conditions of weather parameters like rainfall, temperature, frost, humidity etc.
Farmers can apply RWBCIS scheme through Banks, Brokers, CSC and Self registration through the PMFBY Portal.
If you are using an Android mobile phone, go to the Play Store, type “Kshema app”, select and download to install. Register on the app.
Food crops (Cereals, Millets and Pulses),
Oilseeds,
Annual Commercial / Annual Horticultural crops.
Documents required to apply for this scheme are Land record, Sowing Certificate, Bank Passbook and Tenancy Certificate (If applicable).
Sowing Certificate can be availed through your Village agricultural or Block Agricultural officers.
Sum Insured per hectare for both loanee and non-loanee farmers will be same and equal to the Scale of Finance as decided by the District Level Technical Committee and would be pre-declared by SLCCCI and notified.
The Actuarial Premium Rate (APR) would be charged under RWBCIS by implementing agency (IA). The rate of Insurance Charges payable by the farmer will be as per the following below:
- Kharif and Rabi (Annual Commercial / Annual Horticultural crops) 5% of SI or Actuarial rate, whichever is less.
- Kharif – All foodgrain and Oilseeds crops (all Cereals, Millets, Pulses and Oilseeds crops) 2.0% of SI or Actuarial rate, whichever is less
- Rabi -All foodgrain and Oilseeds crops (all Cereals, Millets, Pulses and Oilseeds crops) 5% of SI or Actuarial rate, whichever is less
The risks covered will be based on the term sheets provided during the notification released by the state government and may covers losses due to Excess Rainfall, Deficit Rainfall, High Wind Speed, Relative Humidity etc.
This being a Parametric insurance cover, the Insured is not required to give any intimation for the losses he has suffered. The Insurer shall regularly monitor the daily weather data recorded via a third-party data system like an AWS (Automatic Weather Station) and assess the losses and settle the claim within the stipulated time period. Only in cases where there is an add-cover to the Base policy such as Hailstorm, Cloudburst etc. the farmer is required to provide the intimation within 72 hours of occurrence of the event. He may reach out to us using the toll-free number 14447.
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- Coverage for 100+ crops.
- Premiums evaluated for each farm, not each area.
- Policies created based on risks faced by each individual location.